discuss Payment Method: Paypal Business vs Personal account

[antman1]

Hello. Any thoughts on which type of Paypal account (business vs personal) is better to use for receiving funds from a domain sale?

 

[Erebus]

I prefer personal for domain sales.

 

[antman1]

I prefer personal for domain sales.

Why?

 

[DotKing]

Here is the well explained difference
https://www.paypal.com/us/smarthelp...sonal,-premier,-and-business-accounts-faq2258

Also check Merchant Fees to see the difference
https://www.paypal.com/us/webapps/mpp/merchant-fees

I'm almost sure you can convert Personal account into a Business acc later on. Hope it helps.

 

[antman1]

Here is the well explained difference...

Thank you, Talking.domains. I'm still confused though. As it pertains to domain investing, do you prefer using a personal account, as well? Why?

 

[Erebus]

Why?

Because I don't have business documents to open a business account. I'm using personal account for transaction under 1000 USD without any problems. My country doesn't support PayPal yet. So, I don't do bigger transaction.

 

[antman1]

Because I don't have business documents to open a business account. I'm using personal account for transaction under 1000 USD without any problems. My country doesn't support PayPal yet. So, I don't do bigger transaction.

Oh, makes sense. Thanks for the info, Shamiul.